The Financial Times (FT) reports that Brandon Lutnick is in late-stage talks with Blockstream founder Adam Back again on a deal worth nearly $4 billion to acquire Bitcoin using a special purpose acquisition company (SPAC). Sources not directly involved tell the FT that Bitcoin SPAC 4B $ is in the works between Lutnick, Adam Back, and Cantor Equity Partners 1, a SPAC backed by Cantor Fitzgerald, which raised $200 million in its IPO in January, is said to be negotiating a buyback for more than $3 billion of Bitcoin, according to the FT report, citing people involved in the discussions. Adam Back, an early Bitcoin lawyer and founder of the Crypto Group Blockstream, is in discussions to contribute around 30,000 BTC, worth over $3 billion, to the SPAC. This would form the crux of the transaction, the FT report notes. Sources also claimed that the broader deal structure includes raising the public surface up to $800 million in additional outside capital. This funding will be used for further Bitcoin (BTC) purchases, bringing the total potential value of the transaction to around $4 billion. #ETHBreaks3k